WITVOET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WITVOET
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year -€11,019
down €11,019 (-49.2%), from €22,400 to €11,381
of which Trade receivables: -€11,672
- Tangible fixed assets -€9,361
down €9,361 (-24.7%), from €37,882 to €28,521
of which Furniture and vehicles: -€9,361
- Reserves +€25,530
up €25,530 (+19.2%), from €132,677 to €158,208
- Debts after one year -€9,794
down €9,794 (-37.4%), from €26,171 to €16,378
- Tax, wage and social debts +€4,099
up €4,099 (+131%), from €3,139 to €7,238
- Gross operating margin -€7,354
down €7,354 (-12.8%), from €57,584 to €50,230
- Taxes -€1,612
down €1,612 (-12.5%), from €12,872 to €11,260
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,351 | €196,065 | +€18,715 | +10.6% |
| Fixed assets | 21/28 | €37,882 | €28,521 | -€9,361 | -24.7% |
| Tangible fixed assets | 22/27 | €37,882 | €28,521 | -€9,361 | -24.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €37,882 | €28,521 | -€9,361 | -24.7% |
| Current assets | 29/58 | €139,469 | €167,545 | +€28,076 | +20.1% |
| Amounts receivable within one year | 40/41 | €22,400 | €11,381 | -€11,019 | -49.2% |
| Trade receivables | 40 | €22,312 | €10,641 | -€11,672 | -52.3% |
| Other amounts receivable | 41 | €87 | €740 | +€653 | +748% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €116,160 | €115,121 | -€1,039 | -0.9% |
| Deferred charges and accrued income | 490/1 | €909 | €1,043 | +€134 | +14.7% |
| Total equity and liabilities | 10/49 | €177,351 | €196,065 | +€18,715 | +10.6% |
| Equity | 10/15 | €134,677 | €160,208 | +€25,530 | +19.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €132,677 | €158,208 | +€25,530 | +19.2% |
| Distributable reserves | 133 | €132,677 | €158,208 | +€25,530 | +19.2% |
| Amounts payable | 17/49 | €42,673 | €35,858 | -€6,815 | -16.0% |
| Amounts payable after more than one year | 17 | €26,171 | €16,378 | -€9,794 | -37.4% |
| Financial debts | 170/4 | €26,171 | €16,378 | -€9,794 | -37.4% |
| Amounts payable within one year | 42/48 | €16,502 | €19,480 | +€2,978 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €9,389 | €9,794 | +€405 | +4.3% |
| Trade debts | 44 | €1,355 | €241 | -€1,114 | -82.2% |
| Suppliers | 440/4 | €1,355 | €241 | -€1,114 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,139 | €7,238 | +€4,099 | +131% |
| Taxes | 450/3 | €3,139 | €7,238 | +€4,099 | +131% |
| Other amounts payable | 47/48 | €2,619 | €2,208 | -€412 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,987 | €11,301 | +€314 | +2.9% |
| Other operating charges | 640/8 | €894 | €917 | +€23 | +2.6% |
| Gross operating margin | 9900 | €57,584 | €50,230 | -€7,354 | -12.8% |
| Operating profit (loss) | 9901 | €45,703 | €38,011 | -€7,692 | -16.8% |
| Financial income | 75/76B | - | €268 | +€268 | |
| Recurring financial income | 75 | - | €268 | +€268 | |
| Financial charges | 65/66B | €1,891 | €1,489 | -€402 | -21.2% |
| Recurring financial charges | 65 | €1,891 | €1,489 | -€402 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €43,812 | €36,790 | -€7,022 | -16.0% |
| Income taxes | 67/77 | €12,872 | €11,260 | -€1,612 | -12.5% |
| Profit (loss) for the period | 9904 | €30,940 | €25,530 | -€5,410 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,940 | €25,530 | -€5,410 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.